Coherent stock forms bullish pattern as Lumentum projects strong optics demand

Impact · against what's priced in

Lumentum's confirmation of demand through 2029 serves as a strong sector validator but provides little immediate catalyst for either stock, as both prices already assume multi-year order backlogs. Coherent's relative valuation discount remains the primary trade, but the article's revenue projections align with growth trajectories the market is already discounting.

COHR+0.10

Already priced in

The price assumes

The existing backlog of orders that extends into 2028